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Bc Speculation Tax Form

Bc Speculation Tax Form

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Instructions and help about what is the bc speculation tax

while worrying about the BC vacancy tax and the speculation tax is a waste of time these days have been talking with a bunch of people about the vacancy tax and the speculation tax and they are just going on and on and on and for those who don't know what the BC vacancy and speculation tax is it is a tax targeted towards people who own real estate in BC but who aren't paying taxes so they're trying to tax foreign owners and satellite families families that make a majority of their income outside of Canada and they think it's unfair so they want those people to pay their fair share of taxes the tax rate in 2018 was 0.5% of the tax assessed value for the properties subject to the tax in 2019 the tax rate was 2% for foreign owners and satellite families and 0.5% for Canadian citizens and permanent residents who are not a member of a satellite family so why is this a waste of time why is it a problem that people focus on the vacancy tags and the speculation

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